0001193125-13-182475.txt : 20130429 0001193125-13-182475.hdr.sgml : 20130427 20130429171456 ACCESSION NUMBER: 0001193125-13-182475 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130429 DATE AS OF CHANGE: 20130429 EFFECTIVENESS DATE: 20130429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SECURITY EQUITY FUND CENTRAL INDEX KEY: 0000088525 IRS NUMBER: 486104426 STATE OF INCORPORATION: KS FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 002-19458 FILM NUMBER: 13792867 BUSINESS ADDRESS: STREET 1: SECURITY INVESTORS, LLC STREET 2: ONE SECURITY BENEFIT PLACE CITY: TOPEKA STATE: KS ZIP: 66636-0001 BUSINESS PHONE: 7854383127 MAIL ADDRESS: STREET 1: SECURITY INVESTORS, LLC STREET 2: ONE SECURITY BENEFIT PLACE CITY: TOPEKA STATE: KS ZIP: 66636-0001 0000088525 S000008812 Large Cap Concentrated Growth C000023979 A SEFAX C000023980 B SEFBX C000023981 C SSSCX C000110207 Institutional GIQIX 497K 1 d530995d497k.htm SECURITY EQUITY FUND LARGE CAP CONCENTRATED GROWTH 497K Security Equity Fund Large Cap Concentrated Growth 497K

Security Equity Fund

805 King Farm Boulevard, Suite 600

Rockville, Maryland 20850

LARGE CAP CONCENTRATED GROWTH FUND

SMALL CAP GROWTH FUND

Supplement dated April 29, 2013 to the currently effective Summary Prospectuses, Prospectuses and Statement of Additional Information (“SAI”) of the above listed funds:

At a meeting held on April 24, 2013, shareholders of the Large Cap Concentrated Growth Fund and Small Cap Growth Fund (each, a “Fund” and together, the “Funds”) approved a Plan of Liquidation with respect to each Fund whereby each Fund will cease its investment operations, liquidate its assets and make a final distribution to its shareholders of record. As a result, each Fund is anticipated to liquidate on or about May 1, 2013 (the “Liquidation Date”).

On or before the Liquidation Date, all portfolio securities of the Funds will be converted to cash or cash equivalents. As soon as possible after the Liquidation Date, and in any event within 30 days thereafter, the Funds will send to shareholders of record on the Liquidation Date a liquidating distribution, which may be in cash or cash equivalents equal to each record shareholder’s proportionate interest of the net assets of a Fund, and information concerning the sources of the liquidating distribution.

Effective on the Liquidation Date, all references to the Funds in the Summary Prospectuses, Statutory Prospectuses and SAI are hereby deleted.

Investors should retain this supplement for future reference.

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